BankniftyFuture Sept last close: 20488.90 (-3.5%)
Oct last close: 20526.75 (-3.4%)
What a day…………..But…….. I have expected that much fall
That’s why I have recommended STBT selling alert Bankniftyfuture at 21200 on day before yesterday and booked profit at 20800. Booked 400 points profit
In Sept series Banknifty was fell almost 13%. Sept month high was 25360 and low of 20405
Yesterday all bank stocks was melted. Indusindbank fell 7%, SBIN, Icicibank, Axisbank and Bandhanbank dropped 4% to 5%
SGXNifty indicate a positive opening and Bank index also will open positive note
Today BankniftyFuture is facing a intraday resistance 20640, 20780 and 20970
Above 2nd and 3rd resistance are hurdle for today’s trade!!
Suppose if crossover 20970……… Will try to check 21120
But, Stay caution at higher levels.
Today BNF considering a supports 20440, 20350 and 20200
Below 20200………. Index will break 20000 mark!!
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.33 am / 25th Sept 2020
